IRS Schedules Town Hall Meetings for Proposed Govt Plan Regulations

The IRS announced that will hold at least two town hall meetings in the Spring about the new proposed guidance for determining whether a retirement plan is a government plan under Code section 414(d). The IRS released these proposed regs in November of 2011.

The first town hall is scheduled for Oakland on March 15, 2012.

The second town hall is in Cleveland on May 3, 2012.

The IRS is taking comments on these proposed regulations until June 18, 2012, so it is possible a few more town hall meetings will be scheduled. I’m hoping the IRS schedules one for Cincinnati the second week of June during the Cincinnati Benefits Conference. That conference brings together representatives of the IRS with the best minds in the plan document community, including ERISA attorneys from all of the major plan document companies, so it is a great venue for another town hall.

Information on how to register and attend the town halls is posted on the IRS website here.

There are currently no regulations regarding Code section 414(d). The regulations the IRS proposed in November of 2011 are designed to fill this regulatory gap and address the changes to Code section 414(d) made by the Pension Protection Act of 2006.

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About the Author

Suzanne L. Wynn, Esq., LLM Tax. is an ERISA and Employee Benefits attorney who writes defined contribution, defined benefit, and cafeteria plan documents. Plan documents she has written are used by law firms, third party administrators, and institutional investors. Her company is Erisafile Inc.